What was the net change in the number of company-owned Floyds 99 outlets during 2023?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Company-Owned(2) | 2022 | 77 | 76 | -1 |
| 2023 | 76 | 74 | -2 | |
| 2024 | 74 | 73 | -1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 53–57)
What This Means (2025 FDD)
According to Floyds 99's 2025 Franchise Disclosure Document, the net change in the number of company-owned outlets during 2023 was a decrease of 2. At the start of 2023, there were 76 company-owned Floyds 99 locations, and by the end of the year, that number had decreased to 74.
This information is useful for prospective franchisees as it provides insight into the performance and changes within company-owned stores. Tracking the number of company-owned stores and their net change can indicate the overall health and strategic direction of Floyds 99. A decrease in company-owned stores could suggest a shift towards franchising or potential challenges in operating company-owned locations.
It's important to note that all company-owned barbershops are owned by entities affiliated with Holdings, the parent company of Floyds 99. This distinction highlights that the performance of company-owned stores may be closely tied to the parent company's strategies and resources. Franchisees should consider this relationship when evaluating the stability and growth potential of the franchise system.